[Federal Register Volume 61, Number 89 (Tuesday, May 7, 1996)]
[Notices]
[Page 20554]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-11377]



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DEPARTMENT OF THE TREASURY

Proposed Collection; Comment Request for Form 8848

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
Form 8848, Consent To Extend the Time To Assess the Branch Profits Tax 
Under Regulations Sections 1.884-2T (a) and (c).

DATES: Written comments should be received on or before July 8, 1996 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Garrick R. Shear, Internal 
Revenue Service, room 5571, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form(s) and instructions should be directed to Martha R. 
Brinson, (202) 622-3869, Internal Revenue Service, room 5571, 1111 
Constitution Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:
    Title: Consent To Extend the Time To Assess the Branch Profits Tax 
Under Regulations Sections 1.884-2T (a) and (c).
    OMB Number: 1545-1407.
    Form Number: Form 8848.
    Abstract: Form 8848 is used by (a) foreign corporations that have 
completely terminated all of their U.S. trade or business within the 
meaning of Regulations section 1.884-2T(a) during the tax year or (b) 
domestic corporations to whom a foreign corporation has transferred its 
U.S. assets in a transaction described in Internal Revenue Code section 
381(a), if the foreign corporation was engaged in a U.S. trade or 
business at that time.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 5,000.
    Estimated Time per Respondent: 5hr. 34 min.
    Estimated Total Annual Burden Hours: 27,800
REQUEST FOR COMMENTS: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record. Comments are invited 
on: (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information shall have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology.

    Approved: April 30, 1996.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 96-11377 Filed 5-6-96; 8:45 am]
BILLING CODE 4830-01-U